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EC Statement: State aid - Commission endorses two new Dutch film funds

( July 12, 2007, 09:45 GMT | Official Statement) -- Extract: The European Commission has endorsed under EC Treaty state aid rules two new funds in The Netherlands for supporting cinema films. The funds with a total budget of €162 million are available in the form of direct grants for the production and the release in cinemas of feature films of cultural value that contribute to the diversity of films in The Netherlands.The European Commission has endorsed under EC Treaty state aid rules two new funds in The Netherlands for supporting cinema films. The funds with a total budget of €162 million are available in the form of direct grants for the production and the release in cinemas of feature films of cultural value that contribute to the diversity of films in The Netherlands. The Commission’s investigation found that the schemes were compatible with the criteria set out in its 2001 Communication on state aid for cinema and audiovisual works (see IP/01/1326). The schemes have been approved until 1 July 2013....

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